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Importance of Estimating and Costing
- Measurement accuracy: Mastery of standard measurement rules and clear working drawings to avoid omissions and claims.
- Local rates and market research: Regular benchmarking of material prices, wage rates, and plant costs to keep estimates current.
- Productivity norms: Using proven labour and plant productivity rates while adjusting for site-specific factors (access, weather, working hours).
- Contingency and risk allowance: Systematic inclusion of contingencies and sensitivity checks to handle uncertainties and price escalation.
- Software literacy: Familiarity with spreadsheets (Excel) and estimating packages (quantity takeoff and cost-estimating software) to improve speed and traceability.
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The textbook " Estimating and Costing in Civil Engineering: Theory and Practice " by B.N. Dutta Google Books : Sometimes, Google Books has previews
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Civil engineering estimating and costing is a crucial aspect of construction project management. It involves the preparation of estimates and cost analysis of various construction projects, such as buildings, roads, bridges, and other infrastructure developments. Accurate estimating and costing are essential to ensure that projects are completed within budget, on time, and to the required quality standards. One of the most popular and widely used textbooks on this subject is "Estimating and Costing in Civil Engineering" by B N Dutta.